We need to talk about the cost of living and financial priorities. After two decades in a low inflation and low-interest rate environment, an abrupt change in the economic climate has prompted many UK households to review their personal finances in order to weather the cost of living crisis. In this episode, Erica and Rob are joined by Lisa Caplan, Director of Charles Stanley's OneStep Financial Planning, to discuss the recent 'perfect storm' which has lead to the high inflation we're currently seeing. Lisa and Rob break down what causes inflation and explain why the Bank of England has had to raise interest rates, as well as highlight what impact this could mean for people, their spending, and what steps you can be taking now. To read our recent consumer research mentioned in this episode, download The New Economic Paradigm: Inflation, Cost of Living and Advice If you enjoyed the episode, you might like to check out our Learning Centre YouTube series. Each lesson covers a new investment topic, helping you to understand the basics, bust the jargon, and break down the barriers to investing. Investment involves risk

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related